BSW Wealth Partners Acquires New Holdings in Hexcel Co. (HXL)

BSW Wealth Partners acquired a new position in Hexcel Co. (NYSE:HXL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,616 shares of the aerospace company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HXL. Baird Financial Group Inc. increased its holdings in shares of Hexcel by 1.0% during the second quarter. Baird Financial Group Inc. now owns 91,538 shares of the aerospace company’s stock valued at $6,076,000 after acquiring an additional 874 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of Hexcel by 5.5% during the third quarter. Synovus Financial Corp now owns 17,152 shares of the aerospace company’s stock valued at $1,151,000 after acquiring an additional 899 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Hexcel by 84.1% during the second quarter. SRS Capital Advisors Inc. now owns 2,053 shares of the aerospace company’s stock valued at $136,000 after acquiring an additional 938 shares in the last quarter. Tdam USA Inc. increased its holdings in shares of Hexcel by 3.3% during the third quarter. Tdam USA Inc. now owns 30,048 shares of the aerospace company’s stock valued at $2,015,000 after acquiring an additional 946 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Hexcel by 0.5% during the second quarter. Commonwealth Equity Services LLC now owns 267,193 shares of the aerospace company’s stock valued at $17,736,000 after acquiring an additional 1,282 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

HXL has been the subject of several analyst reports. Credit Suisse Group reduced their price target on Hexcel from $70.00 to $63.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Cowen restated a “buy” rating and set a $75.00 price target on shares of Hexcel in a report on Monday, October 22nd. Zacks Investment Research downgraded Hexcel from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. UBS Group initiated coverage on Hexcel in a report on Wednesday, August 15th. They set a “sell” rating and a $65.00 price target for the company. Finally, Vertical Research upgraded Hexcel from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $72.75.

NYSE HXL opened at $59.44 on Friday. Hexcel Co. has a one year low of $56.34 and a one year high of $73.42. The stock has a market capitalization of $5.12 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.72.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, October 22nd. The aerospace company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. Hexcel had a return on equity of 18.08% and a net margin of 13.95%. The company had revenue of $540.50 million during the quarter, compared to the consensus estimate of $545.88 million. During the same period last year, the company earned $0.71 EPS. Hexcel’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that Hexcel Co. will post 3.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Friday, November 2nd were issued a $0.15 dividend. The ex-dividend date was Thursday, November 1st. This represents a $0.60 annualized dividend and a yield of 1.01%. Hexcel’s payout ratio is 22.39%.

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About Hexcel

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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